Deals
PremFina Raises $36 Million in Funding
- CEO Bundeep Singh Rangar invested in first funding round
- Other backers are Russia’s Emery Capital, Rubicon, Thomvest
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PremFina Ltd., a U.K. firm that provides software to insurance brokers, raised $36 million in its first round of funding as founder and serial entrepreneur Bundeep Singh Rangar seeks to expand the company.
The equity and debt investment came from investors including the venture capital arm of Japan’s Rakuten Inc., and U.K.-based Draper Esprit Plc, backed by billionaire Tim Draper, the people said.